Here's How Long It Will Take to Get a Mortgage. Youâre scrolling the online listings, looking for houses, when â boom â the love of your real estate life pops out from the page. Youâve found the perfect home, with the best imaginable location, layout, size, finishes, and price.
A. As the property is a commercial property and the vendor is registered for GST the sale of the property to you will be a taxable supply.In that case, GST will be either nothing or charged at 12.5 per cent.ou could claim a GST deduction on the purchase price of an untenanted commercial property if you acquired it for the principal purpose of making taxable supplies and registered for GST.
AAT 2015-16 Budget Measures-Current status of Budget Announcements-Current update: 14 July 2015 depreciation on business assets costing up to $20,000. Farms with turnover of less than $2 million qualify as a small business and are therefore also eligible to immediately write-off all asset purchases up to $20,000.AT 2015-16 Budget Measures-Current status of Budget Announcements-Current update: 14 July 2015 grossed up cap of $5,000 can also be counted in calculating whether an employee exceeds their existing FBT exemption or rebate cap.